- •Предисловие
- •What economics is
- •What is Economics?
- •2. Micro- and macroeconomics
- •Microeconomics and macroeconomics
- •Learn the vocabulary:
- •1. Traditional economies
- •Traditional economies
- •2. Command (planned) economies
- •Planned economies
- •3. Market economies
- •Market economies
- •4. Mixed economies
- •Mixed economies
- •Ex. 7. A) Check your grammar:
- •The role of government in the economy
- •The Role of Government in the Economy.
- •Ex. 7. Translate into English:
- •Equilibrium Point
- •Inflation
- •Cost – push inflation
- •Ex. 3. Give English equivalents to the following:
- •Ex. 5. Fill in the gaps with the words and expressions from the text:
- •Ex. 6. Change the conditional sentences (real) into unreal
- •Ex. 8. Read and translate the text: The issue of recession versus inflation
- •Pressures Influencing Ethical Decision Making
- •Encouraging Ethical Behavior
- •Learn the vocabulary:
- •II. Understanding business finance
- •What is Finance?
- •If necessary:
- •Functions of money
- •Bank organization
- •3. Stock exchange
- •Stock Exchange
- •Ex. 2. Read and translate the text: Definition of Management
- •Levels and areas of management
- •1. Levels of Management
- •2. Areas of management
- •Management Skills
- •Learn the vocabulary
- •What is accounting?
- •The accounting systems
- •Accounting Versus Bookkeeping
- •1. Learning about marketing
- •Ex. 2. Read and translate the text: Learning about marketing
- •Ex. 3. Give English equivalents to the following:
- •Ex. 5. Number the steps of marketing process:
- •Ex. 6. Form gerunds from the verbs below and put them into the gaps:
- •Ex. 7. Fill in the gaps with the correct modal verbs given below:
- •1. Certain conditions … be met before an exchange … take place.
- •Learn the vocabulary:
- •2. The marketing strategy process Ex. 1. Learn the pronunciation of the following words:
- •Ex. 3. Fill in the gaps with the words from the text:
- •4. Promotional mix
- •Что такое Promotion?
- •5. Check your knowledge of marketing
- •Commerce Ex. 1. Learn the pronunciation:
- •Ex. 2. Read and translate the text Trade
- •III. Some facts of business life
- •Starbucks
- •II. Nike
- •III. The internet sells its soul
- •IV. Tiny machines, giant market
- •Southwest Airlines
- •VII. Brand wars
- •Own-Label Products
- •Lookalike Coke
- •VIII. If the price is right…
- •IX. Looking after the twenty percent
- •X. Bright ideas
- •XI. The lateral thinker
- •XII. Boardroom culture clash
- •XIII. Made in japan
- •4. Total Quality Management means scrapping products which do not come up to the required standard.
- •XIV. She's the boss
- •XV. Managing the planet
- •XVI. Credit out of control
- •Instant access
- •Библиографический список:
- •Contents
X. Bright ideas
Read and translate the text:
The scene is the boardroom of a multinational cosmetics company at the end of an exhausting all-day meeting. The conference table is littered with screwed up papers and empty Perrier bottles. The financial controller is tearing his hair out and the director of R&D is no longer on speaking terms with the head of marketing. The launch of a new shampoo has backfired badly. All decisions have had to be deferred until the next meeting. Nobody even wants to think about the next meeting.
At this point a young marketing consultant cuts in. "Ladies and gentlemen, I have an idea which is guaranteed to double sales of your new shampoo. Now, believe it or not, my idea can be summed up in just one word and for $30,000 I'll tell you what it is." Naturally, objections are raised, but the chairman finally agrees to the deal. "Here is my idea. You know the instructions you put on the back of the shampoo bottle? I suggest you add one word to the end. And the word is: 'repeat'."
Not all good ideas are this simple, but in business a surprising number of them are. At least, they seem simple after they've been thought of- the secret is to think of them in the first place. As someone once remarked, "if you can't write your idea on the back of your business card, you don't have an idea".
So what are the conditions for creativity in business? And is there a blueprint for having bright ideas? Here's what the psychologists think:
1. Be a risk-taker. Those who are reluctant to take risks don't innovate.
2. Be illogical. An over-reliance on logic kills off ideas before they have a
chance to develop.
3. Let yourself be stupid from time to time. Great ideas often start out as
stupid ideas.
4. Regularly re-think things. Problem-solving frequently involves breaking
up problems into parts and putting them back together again in a different
way.
5. Take advantage of lucky breaks. The most creative people never ignore an
opportunity.
They say the West creates and the East innovates, and there may be some truth in this. Take British entrepreneur, Sir Clive Sinclair, the great electronics inventor of the 70s, whose C5 electric car flopped when people found it quicker to get out and walk. Then take Akio Morita, the chairman of Sony, who has seen his company claim 85% of the world personal stereo market with the much imitated Sony Walkman - a masterly innovation which merely took advantage of existing technology. The comparison speaks for itself.
And maybe one reason high-technology companies seek to merge multinationally is so that they can combine both creative and innovative strength. For anything that won't sell isn't worth inventing and it's an expensive waste of time coming up with ideas you can't exploit. But it's even more expensive if your competitors can exploit them. And there's not much point doing the research if another company is going to end up doing the development, and making the profit.
Assignments:
1) Find the words and expressions which mean:
1. is frustrated
2. has gone wrong
3. a master plan
4. unexpected opportunities
5. failed badly
6. is obvious
2) Produce a 70 - word summary of the text.
You need only mention the important points.